Billionaire Stronachs Split Their Company to End Family Feud (1)

A family feud that tore apart one of Canada’s richest families has been settled by splitting the company that owns some of America’s most famous racetracks.

Frank Stronachand daughter Belinda Stronach said Thursday they have ended a long and public battle for control of the family business. Belinda will get control of the Stronach Group’s thoroughbred racing and gaming businesses, which include Santa Anita Park and Gulfstream Park, plus related real estate.

Frank Stronach and his wife, Elfriede Stronach, will take full ownership of a thoroughbred stallion and breeding business, including Stronach Stables, and farming operations in Florida, Kentucky ...